WASHINGTON, DC -- The U.S. Treasury Department on Thursday issued new rules aimed at preventing taxpayers in Connecticut and other high-income and high-cost states from avoiding a new cap on the deductibility of their state and local taxes. The Internal Revenue Service said in May it would move to thwart the workaround Connecticut, New York, New Jersey, California and a number of other states have taken to avoid the new cap on these popular deductions.
HARTFORD, CT — Every four years since 1965, nonprofits have been required to remind municipal tax assessors why they should be exempt from property taxes. But according to a member survey conducted by the Connecticut Community Nonprofit Alliance, municipalities have been denying those tax exemptions on an increasing basis. About two thirds of the 35 nonprofits responding to the survey said their properties - which had a history of being tax exempt and had no changes of use - were suddenly being denied tax exemptions in 44 towns.
RIVERSIDE, CT -- Sean Goldrick, a resident of Riverside, CT and who served two terms on the Board of Estimate and Taxation for the Greenwich finance board, gives the facts on the growth of wealthy individuals living in Connecticut."
HARTFORD, CT -- William Buhler of Cromwell, a retired Co-chair of Legislative Action for CSEA and Paul L. Altieri, Ph.D., an Emeritus Professor of Economics at Central Connecticut State University, comment on the growing wealth in the state, especially in Fairfield County, and the negative impact of this wealth disparity on the State's economy.
HARTFORD, CT -- Michelle Riordan-Nold, Executive Director of the Connecticut Data Collaborative, comments on the importance of an accurate Census 2020 count, and challenges the Census Bureau has faced in maintaining their federal funding and finding new leadership, a recent ruling has put the accuracy of the Census 2020 count in jeopardy.
WASHINGTON, DC -- After months of fighting over aid to last summer’s hurricane-hit communities, Congress finally approved a compromise budget bill earlier this month that will provide millions of dollars to help schools care for displaced students. The budget bill provides $8,500 for each displaced student, $9,000 for each one that is not English-speaking like Nairelys and Jason, and $10,000 for disabled students requiring special education.